Avax Apparels And Ornaments Limited is involved in two separate lines of business:
- Wholesale trading
- Online retail of silver ornaments
The company wholesales knitted fabric and sells silver ornaments online, including rings, ladies’ payal, gents kada, plate sets, glass, bangles, bowls, chains, and other jewellery. It supplies all major cities across the country.
The company has several key advantages in wholesale trading. It is geographically located in the cloth manufacturing hub, providing a significant advantage. In addition, the company benefits from the growing demand for these products and the strong business relationships maintained by the management, all of which contribute to the company’s success in this segment.
As of September 2024, the company has 7 full term employees.
Avax Apparels And Ornaments IPO – Details
| IPO Opening Date | 20 September 2024 |
| IPO Closing Date | 24 September 2024 |
| Issue Type | Fixed Price Issue IPO |
| Issue Size | Total Issue Size: 2,74,000 Shares Worth ₹1.92 Crore Fresh Issue: 2,74,000 Shares Worth ₹1.92 Crore |
| Face Value | ₹10 per equity share |
| IPO Price | ₹70 |
| Market Lot | 2000 Shares |
| Min Order | 2000 Shares (1 Lot) |
| Listing At | BSE SME |
| Register | Skyline Financial Services Private Ltd |
| Retail Shares Offered | 50% |
| Other Shares Offered | 50% |
Avax Apparels And Ornaments IPO – Date Schedule
| IPO Open Date | 20 September 2024 |
| IPO Close Date | 24 September 2024 |
| Basis of Allotment | 25 September 2024 |
| Initiation of Refund | 26 September 2024 |
| Credit of Shares to Demat Account | 26 September 2024 |
| IPO Listing Date | 27 September 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on September 24, 2024 |
Avax Apparels And Ornaments IPO – Lots Size & Price
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2000 | ₹1,40,000 |
| Retail (Max) | 1 | 2000 | ₹1,40,000 |
| HNI (Min) | 2 | 4000 | ₹2,80,000 |
Competitive Strengths
- Company’s Core Business
- Qualified & Experienced Team
- Customers Base
- Geographic Exposure
- Competitive Advantage
- Corporate Governance
- Industry Growth Trends
- Wide Product Range
Company Promoters
- Mr. Harinderpal Singh Sodhi
- Mr. Harish Kumar
Company Financials
| Particulars | Total Revenue | Profit After Tax | Total Borrowing |
|---|---|---|---|
| 31 March 2022 | 0.28 | 0.01 | 0.15 |
| 31 March 2023 | 14.70 | 0.69 | 0.23 |
| 31 March 2024 | 22.05 | 1.38 | 0.41 |
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 43.91% |
| ROCE | 37.50% |
| RoNW | 43.91% |
| P/BV | 1.7 |
| Pre IPO | Post IPO | |
| EPS (Rs) | 18.06 | 13.3 |
| P/E (x) | 3.88 | 5.26 |
Object Of The Issue
- To meet the Working Capital requirements of the Company;
- To meet the General Corporate Purposes.
Avax Apparels And Ornaments IPO Promoter Holding
| Pre Issue Share Holding | 57.00% |
| Post Issue Share Holding | 41.97% |
Avax Apparels And Ornaments IPO Prospectus
Company Contact Information
| Avax Apparels And Ornaments Limited 611 6th Floor Jaina Tower II Distt. Centre anakpuri, West Delhi,-110058 Phone: +011-44750642 Email: secretarial@avaxapparels.com Website: https://avaxapparels.com/ |
Avax Apparels And Ornaments IPO Registrar
| Skyline Financial Services Private Ltd Phone: 02228511022 Email: ipo@skylinerta.com Website: https://www.skylinerta.com/ipo.php |
Avax Apparels And Ornaments IPO Lead Manager(s)
| 1. SKI Capital Services Limited |
Avax Apparels And Ornaments IPO FAQs
| What is Avax Apparels And Ornaments IPO? Avax Apparels And Ornaments IPO is a SME IPO. The issue is priced at ₹70 per equity share. The IPO is to be listed on BSE SME. |
| When Avax Apparels And Ornaments IPO will open? The IPO is to open on 20 September 2024 for QIB, NII, and Retail Investors. |
| What is Avax Apparels And Ornaments IPO Investors Portion? The investors’ portion for Retail is 50%, and NII is 50%. |
| How to Apply the Avax Apparels And Ornaments IPO? You can apply Avax Apparels And Ornaments IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form. |
| How to Apply the Avax Apparels And Ornaments IPO through Angle One? Log in to Angle One Application with your credentials. Select the IPO. You will see the IPO Name “Avax Apparels And Ornaments IPO”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Angle One. |
| How to Apply the Avax Apparels And Ornaments IPO through 5 Paisa? Log in to 5 Paisa Application with your credentials. Select the IPO. You will see the IPO Name “Avax Apparels And Ornaments IPO“. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with 5 Paisa. |
| How to Apply the Avax Apparels And Ornaments IPO through Upstox? Log in to Upstox Application with your credentials. Select the IPO. You will see the IPO Name “Avax Apparels And Ornaments IPO”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Upstox. |
| How to Apply the Avax Apparels And Ornaments IPO through IIFL? Log in to IIFL Application with your credentials. Select the IPO. You will see the IPO Name “Avax Apparels And Ornaments IPO”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with IIFL. |
| What is Avax Apparels And Ornaments IPO Size? Avax Apparels And Ornaments IPO size is ₹1.92 Crore. |
| What is Avax Apparels And Ornaments IPO Price Band? Avax Apparels And Ornaments IPO Price Band is ₹70. |
| What is Avax Apparels And Ornaments IPO Minimum and Maximum Lot Size for retail? The minimum bid is 2000 Shares with ₹1,40,000 amount while the maximum bid is 2000 Shares with ₹1,40,000. |
| What is the Avax Apparels And Ornaments IPO Allotment Date? Avax Apparels And Ornaments IPO allotment date is 25 September 2024. |
| What is the Avax Apparels And Ornaments IPO Listing Date? Avax Apparels And Ornaments IPO listing date is 27 September 2024. The IPO is to be listed on BSE SME. |
